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Euro Vs. Dollar

ShoulderChip · 2008-06-16 23:32:22

Its currently at 1euro=$1.5477 i am heading to america in July, just wondering if you think it will go up or down by then, and what i should look out for, i know that is it perhaps guesswork but i would like to hear your opinions.

16-06-2008 11:32pm

#1

ShoulderChip

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Its currently at 1euro=$1.5477

i am heading to america in July,
just wondering if you think it will go up or down by then,
and what i should look out for,

i know that is it perhaps guesswork but i would like to hear your opinions.

0

Comments

#2 16-06-2008 11:42pm

jarvis

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If you get $1.60 for 1 euro and change €1000 you would benefit by an amazing $30.
It's been around the 1.57 area for a while now so it's unlikely to reach 1.60 in the next couple of weeks, so that $30 is probably gonna be hard to achieve. Therefore a more realistic increase to 1.58 would benefir you to the tune of $10. likewise a drop to 1.56 will lose you $10.

What I'm trying to say that no matter what you do, unless you're changing €1.5million it's hardly worth wondering about at 00.30.

Goodnight.
Jarvis

0
#3 17-06-2008 7:29am

[Deleted User]
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ShoulderChip wrote: »

Its currently at 1euro=$1.5477

i am heading to america in July,
just wondering if you think it will go up or down by then,
and what i should look out for,

i know that is it perhaps guesswork but i would like to hear your opinions.

Ask here.

0
#4 18-06-2008 3:30pm

gurramok

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Posts: 13618

Watch the ECB in few weeks. If their rates go up without any counteraction from the FED, the dollar will weaken further.

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#5 23-06-2008 12:48pm

TheBazman

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The ECB will raise rates on 3rd July - the market already expects this and so is already in the fx rate. The Fed are meeting this wednesday and altho' they wont hike, markets will be watching closely as to what they signal. At the moment the market is priced for a Fed hike in Sept - if they signal August then Eur/Usd will weaken.

TBH fx markets are generally pretty quite over the Summer. If you are happy with the current rate I would just go ahead and change now as I dont think over the next couple of months you will see 1.60 again

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#6 01-07-2008 1:56am

ShoulderChip

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gurramok wrote: »

Watch the ECB in few weeks. If their rates go up without any counteraction from the FED, the dollar will weaken further.

did this just happen?
http://www.guardian.co.uk/business/2008/jul/01/europeanbanks.globaleconomy

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